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On February 14, 2021, Golden Bell Manufacturing purchased a machine costing $420,000 with a four-year useful life and an estimated $45,000 residual value. It was
On February 14, 2021, Golden Bell Manufacturing purchased a machine costing $420,000 with a four-year useful life and an estimated $45,000 residual value. It was also estimated that the machine would produce 300,000 units during its useful life. Golden Bell Manufacturing has a December 31 year end. Actual number of units produced each year is as follows: 2021 -75,000 units 2022 -85,000 units 2023 -72,000 units 2024 - 71,000 units REQUIRED: Using the units of production method, determine: Depreciation expense for each of the next 4 years (2021 to 2024) and the Carrying Value at December 31, 2024. B PI od IVA Paragraph ... 50
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